Specialist Independent Financial Planning for the Veterinary Profession
As a business owner, you will need to save for your own retirement and consider inheritance planning. A pension is one of the most tax-efficient ways of doing this.
Through understanding your requirements and researching the market we will identify the options available to you. Because we keep up-to-date with changes to pension regulations, we can then guide you through the complex range of options towards the ideal arrangement for you.
We believe that business protection is one of the best ways to safeguard the future of your business.
Key Person Cover
Protect your profits if you lose an employee through death, disability or severe illness. Many businesses find that certain key individuals are responsible for a large part of their profits. Losing one of them can have a serious impact on the health of the business.
With Key Person Cover, you can keep the impact of their absence to a minimum. If the key person were to die or suffer from a severe illness, the policy pays a lump sum to make up for any loss in revenue or profits, thereby keeping the business on track.
Shareholder or Partnership Cover
Keep control of your business if a shareholder or business partner dies or suffers a severe illness. If one of your business owners dies or suffers a severe illness, their share of the business will usually pass to their beneficiaries. To regain full control of the business, the surviving business owners will need to buy the deceased’s or incapacitated individual’s share of the business to keep control. Many businesses will not have the available capital to do this.
Shareholder and Partner Protection will provide a lump sum if a business owner dies or suffers a severe illness. This lump sum provides the capital to enable the surviving business owners to purchase the deceased’s or incapacitated individual’s share of the business — allowing them to keep control of their business.
Cover your business loans if a shareholder or a business partner dies or suffers a severe illness. If one of your business owners dies or is suffering from a severe illness, lenders may have the right to demand that you pay back any outstanding loans. These could be difficult to pay off at short notice. Our Loan Protection solution means you won’t have to worry. If a business owner dies or becomes seriously ill, it provides a lump sum to cover your business loans.
Successful businesses may outgrow their existing locations. DFM can offer guidance if you are looking to expand or move commercial properties. We can help you through the commercial mortgage market so that you can secure the best tax-efficient deal in acquiring your new premises.
We have experience working with external specialists whose role is to raise funds for growth. If this is a part of your plan for expanding your practice we can work closely with you on this.